Browsing Category
Business News
RBI tightening supervision of largest NBFCs to avoid systemic spillovers: Moody’s
New Delhi: India's risk-based internal audit requirement for non-banking finance companies is credit positive, Moodys Investors Service said.
The Reserve Bank of India (RBI) issued guidelines for the country's largest non-banking…
Cutting off-budget borrowings has raised fiscal deficit guidance
New Delhi: Government's more transparent stand in terms of its accounts has resulted in country's fiscal deficit taking a longer glide path towards consolidation.
According to a research report by Crisil, with off-budget expenditures…
Visa announces grants for women-owned businesses in India
Mumbai: Visa on Monday announced the recipients of its grant programme in India to boost women entrepreneurship globally and empower budding businesswomen.
As part of Visa's first global grant programme in partnership with…
Budget is foundation stone for making India ‘future-ready’: Goyal
New Delhi, Feb 7: Hailing the Union Budget 2021-22, Railway Minister Piyush Goyal on Sunday said that this Budget is the foundation stone for making the country "future-ready". Addressing a press conference at the Delhi BJP office as…
Four more states complete ‘Ease of Doing Business’ reforms
New Delhi, Feb 6 (UNI) Four more states have undertaken 'Ease of Doing Business' reforms stipulated by the Department of Expenditure, Ministry of Finance.
These states have become eligible to mobilise additional financial resources and…
With US$ 590 b forex reserves in kitty, India now ‘net creditor’: MoS Thakur
HYDERABAD: India now has forex reserves of over USD 590 billion, the highest ever, up by USD 119 billion over the previous year, while the external debt is USD 554 billion, making the country a "net creditor", Minister of State for Finance…
JK Cement Q3 net profit up 74.8% to Rs 217.28 crore
NEW DELHI: JK Cement Ltd on Saturday reported an increase of 74.82 percent in its consolidated net profit to Rs 217.28 crore for the third quarter ended December 2020.
The company had posted a profit of Rs 124.29 crore in the…
Mahindra & Mahindra profit dips on SsangYong bankruptcy
NEW DELHI: Homegrown auto major Mahindra & Mahindra (M&M) on Friday reported a 6 per cent year-on-year decline in consolidated profit after tax due to discontinued operations. Net profit after tax stood at Rs 159.6 crore for the…
Risk of a sharp fall in Indian banks’ asset quality has receded
New Delhi: The Indian government's support measures for bank borrowers have softened growth in non-performing loans (NPLs), averting the risk of a sharp deterioration in asset quality, according to Moody's Investors Service in a new report.…
Centre, Zomato pact on home delivery of street food
New Delhi: Ministry of Housing and Urban Affairs (MoHUA) has joined hands with Zomato for home delivery of street food in six cities. As a part of Prime Minister Street Vendor's AtmaNibhar Nidhi (PM SVANidhi) Scheme, the MoHUA entered into…
Mobile Premier League raises $95mn, nears unicorn status
New Delhi: E-sports and mobile gaming platform Mobile Premier League on Thursday said it is now valued at $945 million after raising $95 million (approximately Rs 693 core) in a Series D round.
The latest round was led by Composite…
Sensex Surges past 51,000 points
Mumbai, Feb 5 (UNI) The equity market on Friday remained strong as the Sensex shot up by 330 pts to 50,944.73 till noon session, the apex bank kept the key rates unchanged in its last bi-monthly policy. The Nifty too rose by 79.45 pts to…
Elon Musk’s tweet after ‘break’ raises Dogecoin’s value
San Francisco, Feb 4 (IANS) Back on Twitter after a two-day break, tech billionaire Elon Musk triggered a surge in Dogecoin's price with a single word tweet "doge" on Thursday.
Dogecoin surged by over 50 per cent in the past 24 hours,…
Banking stocks lift markets, Sensex breaches 50,55O-mark again
Mumbai: India's equity indices continued on their northward trajectory during the mid-afternoon trade session on Thursday.
Accordingly, buying momentum was triggered after the market opened on a flat note due to profit booking.…
SBI Q3 FY21 net profit down 7% YoY
Mumbai: Lending major State Bank of India (SBI) on Thursday reported a decline of 6.93 per cent in net profit for the third quarter of 2020-21 on a year-on-year basis.
Accordingly, the bank's net profit fell to Rs 4,574 crore from Rs…
Rs 6K Cr given to states to meet GST compensation shortfall
New Delhi: Finance Ministry has released the 14th weekly instalment of Rs 6,000 crore to the states on Wednesday to meet the GST compensation shortfall.
Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an…
Lending Re-boot: Bad Bank expected to absorb Rs 2 lk cr NPAs
New Delhi: India's growth is set to further accelerate on the back of the path breaking plan to set up a 'Bad Bank', which is expected to absorb Rs 2 lakh crore worth of non-performing assets (NPA).
Accordingly, the process is expected…
Over Rs 124 cr spent to promote tourism in 2017-20: Centre
New Delhi: The Centre informed the Rajya Sabha on Wednesday that more than Rs 124 crore was spent in the last three years on media campaigns for tourism promotion in the country.
The information was given through a reply by Union…
3 in 4 Indian professionals to look for new job in 2021: LinkedIn
New Delhi: More than three in four professionals in India will consider changing jobs or actively look for a new role in the next 12 months, said a new survey by professional networking platform LinkedIn on Wednesday.
But the new "Job…
RBI releases circular on risk-based internal audit for NBFCs, UCBs
Mumbai: The Reserve Bank of India (RBI) on Wednesday released a circular on risk-based internal audit (RBIA) for non-banking finance companies (NBFC) and urban co-operative banks (UCB).
The circular covers all deposit taking and…
